March 20, 2026
Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not "scheme" to mislead investors.
TL;DR
- Jury finds Elon Musk liable for misleading investors.
- Musk deliberately drove down Twitter's stock price prior to its acquisition.
- The acquisition of Twitter cost $44 billion.
- Musk was absolved of some fraud allegations.
- The jury determined Musk did not "scheme" to mislead investors.
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